Credit Agreement Extension Consent among StanCorp Financial Group, Inc. and Lenders (May 2007)

Summary

StanCorp Financial Group, Inc. and its lenders, including Wells Fargo Bank, U.S. Bank, and others, have agreed to extend the termination date of their existing revolving credit facility. The new termination date for the revolving loan commitments is June 15, 2012. This extension is formalized through written consents from each participating lender, as required by the original credit agreement. The agreement ensures continued access to the credit facility for StanCorp under the same terms, with the only change being the extended maturity date.

EX-10.1 2 dex101.htm CREDIT AGREEMENT EXTENSION Credit Agreement Extension

Exhibit 10.1

Financial Institutions Division

US Corporate Banking

MAC N9305-075

90 South 7th Street

Minneapolis, MN 55402

May 9, 2007

StanCorp Financial Group, Inc.

1100 SW Sixth Avenue

Portland, OR 97204

Ladies and Gentlemen:

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006 among StanCorp Financial Group, Inc. (the “Borrower”), the lenders party thereto (each a “Lender” and collectively, the “Lenders”), Wells Fargo Bank, National Association, as Administrative Agent for the Lenders, and U.S. Bank National Association, as Syndication Agent for the Lenders (the “Credit Agreement”), (b) the Borrower’s request to extend the Revolving Loan Commitment Termination Date to June 15, 2012 (the “Extension Request”). Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Credit Agreement.

Please be advised that attached hereto are the consents of each Lender that has approved the Extension Request (the “Extending Lenders”).

Accordingly, as of the date hereof the Revolving Loan Commitments (and the Revolving Loan Commitment Termination Date) of the Extending Lenders shall be extended to June 15, 2012.


Very truly yours,

WELLS FARGO BANK, NATIONAL ASSOCIATION, as Administrative Agent

/s/ Beth McGinnis
By:		Beth McGinnis
Title:		Senior Vice President


Agreed and accepted as of the date first set forth above.

STANCORP FINANCIAL GROUP, INC.

/s/ Cindy J. McPike
By:		Cindy J. McPike
Title:		Senior Vice President and Chief Financial Officer

May 9, 2007

Reference is made to (a) that certain Credit Agreement dated as of June 15, 2006 among StanCorp Financial Group, Inc. (the “Borrower”), the lenders party thereto, Wells Fargo Bank, National Association, as Administrative Agent, and U.S. Bank National Association, as Syndication Agent (the “Credit Agreement”), and (b) the Borrower’s request to extend the Revolving Loan Commitment Termination Date to June 15, 2012 (the “Extension Request”). Capitalized terms not otherwise defined herein shall have the meaning ascribed thereto in the Credit Agreement.